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Drax secures electricity agreements for coal units

The agreements for the two coal-fired generators are for the delivery period October 2021 to September 2022 and are worth £10mln in total at a price of £8.40/kW
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Drax has provisionally secured two agreements.

Power station operator Drax Group PLC (LON:DRX) has been allocated contracts to provide a total of 1,217Mw of electricity in the latest capacity auction.

The agreements for the two coal-fired generators are for the delivery period October 2021 to September 2022 and are worth £10mln in total at a price of £8.40/kW, the company said in a statement.

READ: Drax Group warns of £10mln EBITDA hit from "unplanned outage" at rail unloading facilities

Last week, SSE PLC was awarded 4,177Mw of capacity in the same auction in contracts worth £35.1mln.

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